Mortgage rates have been dropping due to what’s happening in world around us – but this may not last!!!
Mortgage Rates Continue Falling
Middle East Unrest Pushes Mortgage Rates Back Under 5%
Mortgage rates are down again below 5% due to continued unrest in the Middle East. Read the article below…
Middle East Unrest Pushes Mortgage Rates Back Under 5%
Now May Be The Time To Buy A Home In West Los Angeles
I have been asked many times this month whether someone should buy a home now and take advantage of interest rates – before they go up any further – or wait for housing prices to go down further? Below, is a great article that addresses the question…
Now May Be The Time To Buy A Home
Mortgage Rates On 30-year Fixed Loans Soar Above 5%
One of the main reasons why its been so busy in real estate right now is that buyers are trying to lock in their mortgage rates since it has been slowly climbing and has reached above 5% on a 30 year fixed loan – the highest level in nine months. Did you know that if you had 20% down payment and wanted to keep your payments at say $2,500/month with a 4.75% interest rate, your purchasing power can get you approximately a $600,000 worth of property. If the interest rate jumps 1% higher to 5.75% and keeping your payments the same at $2,500/month, your purchasing power drops to approximately$535,000. Thats almost 11% less purchasing price that you can get. Definitely a great time to Buy.
Mortgage rates on 30-year fixed loans soar above 5%